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Analyst: Canada's Central Bank's discussion of downside risks is surprising
Golden Ten Data on July 24, Doug Porter, chief economist of the Bank of Montreal Capital Market, said: "The interest rate cut by the Central Bank of Canada itself is not too surprising. The market has largely anticipated this. "There are a couple of things that stand out to me… A lot of people are talking about downside risks. Whether the committee is following the downside risks more or they’re actually trying to talk about stimulus rise right now, they’re talking about signs of weakness in the labor market, and to me, that’s a signal that there’s going to be a longer Intrerest Rate correction soon. "We follow in September. In the coming period, we may need good inflation data to lock in another rate cut in September. ”